Kraken Launches Crypto Prime Brokerage Targeting Wall Street Clients

Crypto exchange Kraken introduced a new full-service brokerage solution targeting hedge funds, asset managers, corporates, and other large-scale market participants.Dubbed Kraken Prime, the new platform consolidates trading, custody, and asset financing into one streamlined interface. The move signals Kraken’s deeper commitment to institutional crypto adoption and positions the firm to compete directly with traditional prime brokers. Backed by 24/7 client service and robust infrastructure, the new platform aims to provide execution quality and operational rigor familiar to traditional finance players.Designed for Institutions at a Pivotal TimeKraken sees an inflection point in the institutional adoption of digital assets. As regulatory clarity increases and market infrastructure evolves, large financial entities are seeking partners that can offer both technical capability and compliance assurance.One of the platform’s standout features is access to liquidity covering over 90% of the digital asset market, sourced from more than 20 global venues.Kraken Prime uses a smart order routing system to integrate on- and off-platform liquidity, supporting seamless trade execution and minimal slippage, a key priority for large-volume traders.Trades are executed directly from qualified custody accounts managed by Kraken Financial, a state-chartered U.S. bank. This setup enhances operational security and streamlines the post-trade process.Round-the-Clock Support and Credit FacilitiesKraken Prime’s service layer includes high-touch client support available 24/7, a rarity in traditional markets but a necessity in crypto’s always-on trading environment. The platform also enables institutional-grade asset-backed lending and T+1 credit facilities, giving clients more flexibility to manage capital efficiently.Though Kraken may not be the first to market with a prime solution, the company aims to distinguish itself through reliability and comprehensive service. It targets institutions that demand more than just access—they expect performance.Expect ongoing updates as this story evolves. This article was written by Jared Kirui at www.financemagnates.com.

Jun 3, 2025 - 18:21

Kraken Launches Crypto Prime Brokerage Targeting Wall Street Clients

Crypto exchange Kraken introduced a new full-service brokerage solution targeting hedge funds, asset managers, corporates, and other large-scale market participants.

Dubbed Kraken Prime, the new platform consolidates trading, custody, and asset financing into one streamlined interface. The move signals Kraken’s deeper commitment to institutional crypto adoption and positions the firm to compete directly with traditional prime brokers.

Backed by 24/7 client service and robust infrastructure, the new platform aims to provide execution quality and operational rigor familiar to traditional finance players.

Designed for Institutions at a Pivotal Time

Kraken sees an inflection point in the institutional adoption of digital assets. As regulatory clarity increases and market infrastructure evolves, large financial entities are seeking partners that can offer both technical capability and compliance assurance.

One of the platform’s standout features is access to liquidity covering over 90% of the digital asset market, sourced from more than 20 global venues.

Kraken Prime uses a smart order routing system to integrate on- and off-platform liquidity, supporting seamless trade execution and minimal slippage, a key priority for large-volume traders.

Trades are executed directly from qualified custody accounts managed by Kraken Financial, a state-chartered U.S. bank. This setup enhances operational security and streamlines the post-trade process.

Round-the-Clock Support and Credit Facilities

Kraken Prime’s service layer includes high-touch client support available 24/7, a rarity in traditional markets but a necessity in crypto’s always-on trading environment. The platform also enables institutional-grade asset-backed lending and T+1 credit facilities, giving clients more flexibility to manage capital efficiently.

Though Kraken may not be the first to market with a prime solution, the company aims to distinguish itself through reliability and comprehensive service. It targets institutions that demand more than just access—they expect performance.

Expect ongoing updates as this story evolves. This article was written by Jared Kirui at www.financemagnates.com.